Construction on schedule and hand over confirmed for late next year. -

Gia Bao

Luxury Apartment, part of Four Points by Sheraton developed by the Alphanam Real Estate JSC in Da Nang is expected to hand over apartments in the fourth quarter of 2017.

According to information released by Alphanam on August 9, Luxury Apartment, construction of which kicked off in July 2015, has completed construction of the 29th floor and is now building the 30th floor.

Situated in the prime location of Vo Nguyen Giap Street in the central city, Luxury Apartment is within a high-end complex that also includes Four Points by Sheraton Hotel, managed by Starwood Capital.

The complex includes modern amenities such as an infinity swimming pool, top-quality rooftop restaurants, and a fitness centre.

One of Vietnam’s traditional holiday destinations, Da Nang saw a second home market emerge in the early 2000s followed by a slowdown from 2010 to 2015. Since the end of last year, however, the city has seen a surge in new products being launched and sold, according to insiders.